Decision on GST rates taken in 35th GST Council Meeting

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Decision on GST rates taken in 35th GST Council Meeting

In the 35th GST Council Meeting which was held on 21st June 2019, following changes in GST rates for supply of good and services was taken up but decision could not be taken for any of them. In the next meeting based on the recommendations of Fitment Committee changes would be made. Press release for the same was passed on 21st June 2019.

Electric Vehicles

Fitment Committee is directed to examine in detail the issues relating to GST concessions on electric vehicle, charger and hiring of electric vehicle. The decision for the same will be taken in the next GST Council meeting based on recommendations of Fitment Committee.

HSN	Description of goods	GST Rate (%)
87	Electrically operated vehicles, including two and three-wheeled electric motor vehicles	12%
85044030	Charger for Electric Vehicle	18%

Click here to know >>> Income tax benefits for Electric Vehicle announced in Union Budget 2019

Solar Power Generating Systems and Wind Turbines

GST Council has directed the Fitment Committee to provide recommendations on valuation of goods and services in a solar power generating system and wind turbine. This was done based on order of the Hon’ble High Court of Delhi to GST Council.

HSN	Description of Goods	GST Rate (%)
84, 85 or 94	Solar power generating system	5%
84128030	Wind turbine

Lottery

Council did not take any decision is respect of GST rate on Lottery. It considered the report which was submitted by Group of Ministers (GoM) and after having discussion and deliberations on various issues relating to rate of lottery. It was decided that any decision on this issue would be taken after taking a legal opinion from Learned Attorney General.

HSN

Description of goods

GST Rate (%)

Any Chapter

Lottery authorized by State Governments Explanation 1.- For the purposes of this entry, value of supply of lottery under sub-section (5) of section 15 of the Central Goods and Services Tax Act, 2017 shall be deemed to be 100/128 of the face value of ticket or of the price as notified in the Official Gazette by the organising State, whichever is higher.

Explanation 2.- (1) “Lottery authorized by State Governments” means a lottery which is authorized to be sold in State(s) other than the organising state also. (2) Organising state has the same meaning as assigned to it in clause (f) of sub-rule (1) of rule 2 of the Lotteries (Regulation) Rules, 2010

28%

The article is compiled by CA Ankita Khetan. If you have any queries concerning the above article. Please write to us either in the comments section below or email us on info.financepost@gmail.com.